Statement of Cash flows | ||
Particular | Amount | Amount |
Cash flows from Operating Activities | ||
Profit before taxation | 139480 | |
Adjustments for: | ||
Depreciation | 49700 | |
Interest expense | 2940 | |
(Profit )/ Loss on the sale of property, plant & equipment | -8750 | 43890 |
Working capital changes: | ||
(Increase) / Decrease in trade and other receivables | -33800 | |
(Increase) / (Decrease) in inventories | -24250 | |
Increase / (Decrease) in trade payables | 9420 | |
Increase / (Decrease) in accrued expenses payable | -6730 | -55360 |
Cash generated from operations | 128010 | |
Income taxes paid | -7270 | |
Interest Paid | -2940 | |
Dividends paid | -83400 | |
Net cash from operating activities | 34400 | |
Cash flows from investing activities | ||
Business acquisitions, net of cash acquired | ||
Purchase of property, plant and equipment | -97000 | |
Proceeds from sale of equipment | 15550 | |
Sale proceeds Investment | 2500 | |
Net cash used in investing activities | -78950 | |
Cash flows from financing activities | ||
Proceeds from issue of share capital | 50000 | |
Proceeds from long-term borrowings | 30000 | |
Payment of long-term borrowings | ||
Net cash used in financing activities | 80000 | |
Net increase in cash and cash equivalents | 35450 | |
Cash and cash equivalents at beginning of period | 47250 | |
Cash and cash equivalents at end of period | 82700 |
OAKLEY COMPANY Comparative Balance sheet December 31 2017 2016 Assets $82,70047 250 57,000 102,650 87,000 205,000...
Oakley Company Comparative Balance Sheets December 31 Assets 2020 Cash $81,800 Accounts receivable 92,400 Inventory 126,800 Investments 85,700 Equipment 258,000 Accumulated depreciation-equipment (49,900) $594,800 2019 $47,700 57,700 101,100 86,000 208,000 (40,000 $460,500 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $57,000 12,000 101,000 245.000 179,800 $594,800 $49.000 18,700 71,000 201,000 120,800 $460,500 Oakley Company Income Statement For the Year Ended December 31, 2020 Sales revenue Gain on disposal of plant assets $301,800 8,700...
Oakley Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $84,200 $47,000 Accounts receivable 91,200 56,800 Inventory 124,600 102,200 Investments 83,200 85,000 Equipment 256,000 204,000 Accumulated depreciation—equipment (50,000 ) (40,000 ) $589,200 $455,000 Liabilities and Stockholders’ Equity Accounts payable $58,400 $48,700 Accrued expenses payable 12,300 18,600 Bonds payable 101,000 71,000 Common stock 249,000 201,000 Retained earnings 168,500 115,700 $589,200 $455,000 Oakley Company Income Statement For the Year Ended December 31, 2020 Sales revenue $293,400 Gain on disposal of plant...
George Company - Comparative Balance Sheet December 31 ASSETS 2004 2003 Difference Cash $142,700 $83,400 $59,300 205 100 Accounts Receivable 80,800 37,000 43,800 pich / 41,000 Inventories 121,900 102,650 19,250 26000 sold Land 84,500 107,000 (22,500) Equipment 310,000 205,000 105,000 Accumulated Depreciation (49.500) (40.000) (9.500) 3/0,000 TOTAL $690,400 $495,050 $195,350 Acecom. Deputation LIABILITIES & STOCKHOLDERS' EQUITY 40.000 Accounts Payable $62,700 $48,280 $14,420 S2630035, Soome Wages Payable 12,100 18,830 ($6,730) Bonds Payable? 140,000 70.000 $70,000 Common Stock 240,000 200.000 $40,000 Contributed...
Comparative balance sheet statements of Irving Inc. are presented below: Irving Inc. COMPARATIVE BALANCE SHEET ACCOUNTS December 31, 2017 and 2016 December 31 Assets 2017 2016 Cash 25,000 20,000 Accounts receivable 45,500 48,000 Less: allowance for doubtful accounts (1,500) (1,000) Inventory 55,000 50,000 Dividend receivable 3,000 2,000 Investments 13,000 10,000 Land 70,000 40,000 Buildings & equipment 231,000 250,000 Less: accumulated depreciation (35,000) (50,000) Totals 406,000 369,000 Liabilities Accounts payable 13,000 20,000 Salaries payable 2,000 5,000 Interest payable 4,000 2,000 Income...
Sheridan Company Comparative Balance Sheets December 31 Assets 2019 Cash $93,000 Accounts receivable 89,800 Inventory 120,000 Investments 84,600 Equipment 249,000 Accumulated depreciation-equipment (49,600) $586,800 Liabilities and Stockholders' Equity Accounts payable $58,000 Accrued expenses payable 11,800 Bonds payable 103,000 Common stock 251,000 Retained earnings 163,000 $586,800 2018 $47,500 57,900 101,000 86,900 205,000 (40,100) $458,200 $ 48,800 17,800 69,700 193,000 128,900 $458,200 Sheridan Company Income Statement For the Year Ended December 31, 2019 Sales revenue Gain on disposal of equipment $299,000 8,270...
NOSKER COMPANY Comparative Balance Sheet December 31 2017 2016 Assets Cash $38,000 $20,000 Accounts Receivable 30,000 14,000 Inventory 27,000 20,000 78,000 Equipment Accumulated depreciation-equipment 60,000 (29,000) $126,000 (24,000) $108,000 Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable $24,000 $15,000 7,000 8,000 27,000 33,000 Common stock 18,000 14,000 38,000 $108,000 Retained earnings 50,000 Total $126,000 NOSKER COMPANY Income Statement For the Year ended December 31, 2017 Sales revenue $242,000 Cost of goods sold Gross profit 175,000 67,000...
BRECKER INC COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 12/31/17 $ 6,000 62.000 35,000 40.000 5000 154.000 135.000 46.000 12/31/16 S 7.000 51.000 18.000 60,000 4.000 130.000 (25.000) 50.000 $313.000 $295.000 Cash Accounts receivable Short-term debt investments (available-for-sale) Inventory Prepaid rent Equipment Accumulated depreciation-equipment Copyrights Total assets Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, 510 par Contributed capital, common stock Retained earnings Total liabilities and stockholders' equity...
PINA INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 12/31/17 12/31/16 Cash $5,900 $6,900 Accounts receivable 61,400 51,200 Short-term debt investments (available-for-sale) 34,700 18,000 Inventory 40,200 59,700 Prepaid rent 5,000 4,100 Equipment 152,700 130,200 Accumulated depreciation-equipment (35,400) (25,000) Copyrights 45.700 49.900 Total assets $310,200 $295,000 Accounts payable $40,400 $46,300 3,900 Income taxes payable 6,000 Salaries and wages payable 8,100 3.900 Short-term loans payable 10,100 8,100 60,200 Long-term loans payable 69,400 Common stock, $10 par 100,000 100,000 Contributed...
the comparative balance sheet for Fair Isle travel services inc for december 31, 2017 and 2016 is as follows Fair isle services inc uses the indirect method for preparing the statement of cash flows. prepare the operation section of the statement of cash flow for 2017 Score: 0 of 4 pts 3 of 5 (3 complete) HW Score: 42.80 E13-12A (similar to) The comparative balance sheet for Fair Isle Travel Services, Inc. for December 31, 2017 and 2016, is as...
Ivanhoe Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity $ 156,536 202,576 384,434 184,160 598,520 (151,932) $1,374,294 $ 50,644 174,952 435,078 230,200 460,400 (73,664) $1,277,610 Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 89,778 345,300 497,232 441,984 $1,374,294 $ 98,986 460,400 400,548 317,676 $1,277,610 Additional information: 1. Net income for 2017 was $214,086. 2. Depreciation expense was $78,268. 3. Cash dividends...